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WazirX CEO Clears Air on Fund Misappropriations & Future Plan

**WazirX CEO Nischal Shetty Speaks Out for the First Time Since $234 Million Hack**

WazirX, a leading Indian cryptocurrency exchange, suffered a massive $234 million hack in July 2024 that sent shockwaves through the Indian crypto community. Since the incident, while the exchange maintained internal transparency through announcements on its social media platform X, neither CEO Nischal Shetty nor the leadership team made any public appearances to directly address the growing concerns of its users.

The situation was further complicated by the disabling of the comment section on WazirX’s social media posts, limiting open discussions and causing anxiety among users regarding fund recovery and the operational stability of the platform.

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### WazirX CEO Nischal Shetty Breaks Silence in Exclusive Interview

For the first time since the hack, WazirX CEO Nischal Shetty stepped forward to answer critical questions about the recovery process in an exclusive interview with Switch, an Indian podcast channel under Zee Production.

During the interview, Shetty discussed several key issues, including discrepancies in user payouts, the use of funds for legal and operational expenses, and the steps WazirX is taking to protect assets in the future.

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### How Much Have WazirX Users Been Refunded?

Addressing the question of why users have not been fully reimbursed despite the appreciation of crypto token prices since the hack, Shetty explained:

> “Around $234 million worth of assets were stolen during the hack. Following this, the exchange froze user portfolios to prevent users from missing out on market gains. The portfolio value was then rebalanced on January 17, 2025.”

As per the recovery plan, users are set to receive 85% of their portfolio value calculated on the rebalancing date, with the remaining 15% to be returned over the next 2-3 years.

When asked about reports of some users receiving only 20-30% of their tokens, Shetty clarified that:

– The 85% refund relates to the **total portfolio value** on the rebalancing date, **not the exact token count**.
– Between the rebalancing date and payout, cryptocurrency prices fluctuated — some tokens lost value while others appreciated.
– Users holding tokens that dropped in value received fewer tokens, while those with tokens that surged received more, leading to variation in token amounts received.
– The plan guaranteed 85% of portfolio value, but market price changes caused amounts to differ.

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### Clarifying Allegations of Fund Misappropriation

Shetty firmly denied any misuse of customer funds, especially accusations concerning funds being diverted for legal battles in Singapore related to the rearrangement scheme.

He explained that the **cost fund** used for operational and legal expenses was created solely from the **remaining assets left in the exchange’s wallets after the hack**, and not from customer deposits.

> “All expenditures were strictly to keep the exchange operational and to enable the withdrawal processes for users. This was a necessary step — without it, WazirX would have ceased operations completely, delaying recoveries and payouts.”

He assured users that customer funds have been kept separate to the extent possible under the circumstances.

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### What Lies Ahead: Future Outlook for WazirX Users

– The remaining **15% of user funds** in the recovery plan will be refunded gradually over the next 2-3 years.
– This phased approach allows WazirX to restore full portfolio value more effectively.
– The 15% is **not capped**, meaning if WazirX recovers more assets than expected, users could receive more than initially planned.
– The recovery plan has been **approved by the court** and is designed to be quicker and less disruptive than liquidating the company.

In addition, WazirX has partnered with **BitGo** to enhance the security of user funds through:

– Institutional-grade custody solutions
– Multi-signature wallets
– Insurance coverage

This partnership aims to ensure transparent fund management and bolster confidence as part of WazirX’s post-hack recovery strategy.

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**Also Read:** [WazirX Starts Phased Trading Rollout with No Fees for 30 Days]
https://bitcoinethereumnews.com/finance/wazirx-ceo-clears-air-on-fund-misappropriations-future-plan/

WWE Fans May Face Disappointment With 2026 Royal Rumble

The annual **Royal Rumble** event is one of WWE’s most exciting shows, largely due to the tradition of surprise entrants in its signature battle royal matches. However, any surprises planned for the Royal Rumble next year may not be much of a surprise by the time the show happens.

According to a report from Bryan Alvarez, the location of the 2026 event is the primary cause for concern. With WWE’s annual event taking place in Riyadh, Saudi Arabia, this coming January, any surprises set to take place on the show would be logistically difficult to keep under wraps.

“There is a feeling that we might not get Royal Rumble surprises this year if only for the fact that sneaking people into Saudi Arabia will be a lot harder,” Alvarez writes. The logistics of coordinating international travel, visas, and hotel accommodations for a secret guest are far more complex than hiding someone domestically.

Alvarez suggests a potential alternative for where fans might see these big moments. “Most likely surprises would take place the week prior at SNME,” he notes.

This aligns with WWE’s recent scheduling announcements. The company confirmed over the weekend that it will be heading to Montreal, Quebec, Canada, for a January edition of **Saturday Night’s Main Event (SNME)**. This show will take place just one week prior to Royal Rumble weekend.

The Royal Rumble itself will be held for the first time ever in Riyadh, Saudi Arabia, marking another major international stadium show for the company.

Surprises are a fundamental and commonplace part of both the men’s and women’s Royal Rumble matches, often serving as the most talked-about moments of the night. These entrants can range from returning legends to main roster comebacks from injury, or even crossover appearances from other promotions.

### Notable Surprises from Last Year’s Royal Rumble

Last year’s Royal Rumble event in January 2025 highlighted just how important these surprises can be. The show featured the returns of Alexa Bliss and WWE Hall of Famer Trish Stratus. It also included shocking appearances from streamer iShowSpeed, Joe Hendry from TNA, and Jordynne Grace.

Grace’s appearance was particularly noteworthy, as she had previously appeared in a Royal Rumble as the TNA Knockouts Champion but entered the 2025 match having just officially signed with WWE.

If Alvarez’s report holds true, WWE may opt to use the Montreal Saturday Night’s Main Event as the stage for these big returns. This would allow the company to generate buzz and add confirmed star power to the Rumble matches themselves, rather than relying on the element of surprise at the event in Riyadh.

### Official Dates and Locations

WWE has officially confirmed the dates for its upcoming international events:

– **Saturday Night’s Main Event:** Saturday, January 17, 2026, at the Bell Centre in Montreal, Quebec, Canada
– **Royal Rumble:** Saturday, January 24, 2026, in Riyadh, Saudi Arabia

This scheduling could mark a new approach to surprise appearances, given the added challenges of international logistics.

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**More WWE News:**

– WWE Superstar Announces Retirement Match
– Released WWE Superstar Retires From Pro Wrestling
– Released WWE Star Breaks Silence On Departure
– Released WWE Star Wants To Join AEW
https://www.newsweek.com/sports/wrestling/wwe-fans-may-face-disappointment-with-2026-royal-rumble-10988114

Has The Asset Season 2 Been Canceled or Renewed at Netflix?

**Has *The Asset* Been Canceled or Renewed for Season 2?**

*The Asset* is a Danish crime-drama thriller that follows aspiring police cadet Tea as she goes undercover in a dangerous criminal gang. Throughout the series, Tea forms an unexpected bond within the gang, and the story delves deep into themes of trust, deception, and the moral complexities of undercover work.

With the show’s intriguing premise captivating viewers, many are left wondering: will there be a Season 2? Here is everything you need to know about the future of *The Asset*.

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### Has Netflix Canceled or Renewed *The Asset* for Season 2?

As of now, *The Asset* has neither been officially canceled nor renewed for a second season by Netflix. Neither the creators of the series nor any official media outlets have provided clear information about the show’s continuation.

Given that the series recently premiered, it is common for streaming platforms like Netflix to take some time before announcing renewal decisions. Typically, factors such as initial viewership numbers, critical reviews, and audience reactions play a significant role in determining whether a show is extended for another season.

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### Is a Second Season Likely?

An important consideration when assessing the chances of a second season is how Netflix has categorized the series. *The Asset* is listed as a six-part series, which may indicate that it was designed as a limited miniseries. This classification often suggests that the show is intended to be a self-contained story without continuation, potentially lowering the likelihood of a Season 2.

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### What Happened in the Finale?

In the concluding episode, titled “What Was Your Name Again?”, viewers see Folke presenting Ashley with an enticing but costly offer. Meanwhile, as Tea works to help her friend, she unexpectedly faces the last person she wanted to encounter.

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### Cast

*The Asset* features a talented ensemble cast, including:

– Maria Cordsen
– Afshin Firouzi
– Arian Kashef
– Lara Ly
– Clara Dessau
– Nicolas Bro
– And others

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### Final Thoughts

Until Netflix or the show’s creators make an official announcement, the future of *The Asset* remains uncertain. Fans of the series should stay tuned for updates and continue engaging with the show’s compelling narrative while it lasts.

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**Stay connected for the latest news on your favorite shows and more!**
https://www.comingsoon.net/guides/news/2049375-the-asset-season-2-renewed-canceled-netflix

Ex-WWE star seemingly spoils AEW and Tony Khan’s grand plans

AEW head honcho Tony Khan supposedly has a huge initiative in mind pertaining to his company’s women’s division. Former WWE superstar and current ROH Women’s Champion Athena has shed some light on the plan in question during a recent interview. This past weekend, All Elite Wrestling hosted this year’s edition of the WrestleDream pay-per-view in St. Louis, MO. This Wednesday on AEW Dynamite, the promotion officially revealed the brackets for the tournament intended to crown the inaugural Women’s World Tag Team Champions, weeks after the belts were officially unveiled. Also last month, Jamie Hayter challenged The Triangle of Madness to face her and her allies in the first-ever Women’s Blood and Guts match. The aforementioned announcements and angles have injected a lot of excitement and momentum into AEW’s currently stacked women’s division. It appears that Tony Khan may have an even grander plan in the making for his female performers, in the form of an all-women’s show. During her recent interview with WFAA 8, ROH Women’s World Champion Athena revealed that the All Elite head honcho had “absolutely” considered running a women’s event, and that manifesting such a show was just a matter of timing. “Absolutely. I know TK has absolutely thought about that; it’s just about timing when it comes to those things. We have the best roster in the world. I know everybody says it, but we actually do have the best roster in the world. I do know that is on his brain, it’s been on his brain since I have been in AEW at least. It’s just about timing.” [H/T TJR Wrestling] It remains to be seen if All Elite Wrestling will organize an all-women’s event anytime soon. Athena found a tag partner on this week’s AEW Dynamite Mercedes Mone’s big celebration on the October 22 episode of Dynamite, following on her eleventh and twelfth title wins this past weekend, unfortunately ended in humiliation for the former WWE superstar, as she was embarrassed and eventually ambushed by Harley Cameron and Kris Statlander. Afterwards, The CEO was approached backstage by Athena, who offered to team up with Mercedes to bring home the Women’s World Tag Team Titles. It remains to be seen if the “Forever” ROH Women’s Champion will win her first All Elite title with “Ultimo” Mone, who is herself scheduled to challenge Statlander for her AEW Women’s Championship at Full Gear 2025.
https://www.sportskeeda.com/aew/news-ex-wwe-star-seemingly-spoils-aew-tony-khan-s-grand-plans

2026 Rock + Metal Festival + Cruise Guide

What will end up being your standout 2026 rock and metal festival or cruise experiences? There’s typically no better bang for your buck than catching a lot of great acts in one place. While we’re coming to the end of one festival and cruise season, another exciting one is just around the corner.

The rock and metal festivals, along with a number of significant rock and metal cruises, have started rolling out the details for their 2026 adventures. It’s the perfect time to start making plans for the year ahead.

Are you planning to rock out in the spring at Sonic Temple or Welcome to Rockville? Or is something like the more diverse Coachella more your style? Maybe you have a desire to hit the high seas with your favorite bands. Cruises such as ShipRocked, the Monsters of Rock Cruise, and 70,000 Tons of Metal will satisfy your cruise ship cravings early in 2026.

Throughout the year, be sure to check in with this guide regularly, as we’ll be continually updating all the latest rock and metal festival and cruise announcements.

So start dreaming of sunshine, great tunes, and good-time vibes—the 2026 festival and cruise season will be here before you know it.

**READ MORE:** [The 15 Most Disastrous Music Festivals in History]
https://loudwire.com/2026-rock-metal-festival-cruise-guide/

After John Cena and AJ Styles, another WWE star makes statement on retiring – kicks off tour

John Cena is set to retire later this year, while AJ Styles has announced that he will be retiring in 2026. Following these announcements, another WWE star has now made a statement regarding his career plans.

Sheamus took to social media today after Monday Night RAW to let fans know that he has no intention of retiring anytime soon. The Celtic Warrior made a strong return to action during the Battle Royal on RAW, proving that he is as in-ring ready as ever. This marks the beginning of what he is calling his “Never Retiring Tour.”

On social media, Sheamus declared, “Sheamus ‘Never F***ing Retiring Tour’ started Monday 20th October 2025. Bangers never quit.” This statement suggests that as long as he is passionate about his matches and is actively competing, he plans to keep going and not hang up his boots.

Like John Cena and AJ Styles, Sheamus has enjoyed a long and successful career in WWE. However, there is still one goal he wants to achieve before calling it a day: capturing the Intercontinental Championship. The Celtic star has revealed that he has accomplished everything he set out to in his career except for winning this prestigious title.

Sheamus may have already found the perfect opportunity to chase that goal. During RAW, he seemingly began a feud with the Judgment Day faction after taking out JD McDonagh and Finn Balor. Although he was eventually thrown out, he fought his way back to the ringside area, signaling the start of a heated rivalry.

With Dominik Mysterio, a member of Judgment Day, currently holding the Intercontinental Championship, Sheamus might have just set his sights on reclaiming the honor. Fans can expect an exciting storyline to develop as the Celtic Warrior goes after the title he has long desired.
https://www.sportskeeda.com/wwe/news-after-john-cena-aj-styles-another-wwe-star-makes-statement-retiring

Everything we know about Toyota’s upcoming sports car

**Everything We Know About Toyota’s Upcoming Sports Car**
*By Dwaipayan Roy | Oct 11, 2025, 05:29 pm*

Toyota has officially teased its upcoming sports car, generating excitement ahead of a major reveal event scheduled for Monday in Japan. The automaker shared teaser photos featuring a billboard at Fuji Speedway, showcasing the front end of the new sports car displayed alongside iconic Toyota models such as the LFA and 2000GT. These images were posted on Toyota’s official page on X, hinting at what’s to come.

### Upcoming Event and Teasers

A dedicated teaser website from Toyota further hints at the upcoming event, where the company plans to make several announcements across its various brands, including GR, Crown, and Daihatsu. While the landing page doesn’t reveal many details, it does offer some intriguing clues. A message on the site reads:

> “The sign at Fuji Speedway has changed. On the left is the 2000GT. Next to it is the LFA. And next to that.?”

This cryptic message suggests that Toyota is preparing to introduce a new model to stand alongside these legendary sports cars.

### Possible Reveal: GR GT3 and Lexus LFR

Speculation is rife that Monday’s event could feature the first look at Toyota’s new GR GT3 race car, which will likely serve as a precursor to the upcoming Lexus LFR model. David Wilson, President of Toyota Racing, has previously indicated that this GR GT3 car is set to make its racing debut at the 2026 Daytona 24 Hours in January.

Spy shots of testing prototypes reveal yellow stickers on the vehicles, suggesting a hybrid powertrain may be part of the new sports car’s design—highlighting Toyota’s continued push towards electrification in its performance lineup.

### What Else to Expect?

While the spotlight is on the new sports car and the possible GR GT3 and LFR reveals, Toyota has much more planned for the Monday event. Announcements related to the GR brand, as well as updates regarding the Crown and Daihatsu brands, may also be part of the program.

With anticipation building, enthusiasts and industry watchers alike are eager to see how Toyota plans to evolve its sports car heritage with this new model and what innovations will be introduced across its performance and luxury divisions.

Stay tuned for full coverage of Toyota’s reveal event and detailed insights into the future of its sporty lineup.
https://www.newsbytesapp.com/news/auto/toyota-teases-new-sports-car-hints-at-major-reveal-event/story